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GAJEVA ULICA 7, 10000 ZAGREB, CROATIA
Tel:
Work +385 1 559 9800
Fax:
Fax +385 1 559 9808
Email:
Web:
www.ostermann.hr

Croatia

Banking, finance and capital markets
Banking, finance and capital markets - ranked: tier 2

Ostermann & Partners LLP

The 'hardworking, knowledgeable and detail-oriented' two-partner team at¬†Ostermann & Partners LLP¬†provides 'a very¬†professional service' to borrowers and lenders across the gamut of transactions including for corporate finance and real estate finance purposes. Praised for his 'pragmatic and calm approach',¬†Vjekoslav Ivanńćińᬆprovides 'a very knowledgeable service' across both new money financings and restructurings, as well as on financial services regulatory matters. He recently advised Press Glass on a syndicated financing transaction to facilitate a major¬†‚ā¨200m project. The team also acts for distressed debt investor, APS Holding, on NPL portfolio work.¬†Mojmir Ostermann¬†is also recommended.

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Commercial, corporate and M&A
Commercial, corporate and M&A - ranked: tier 2

Ostermann & Partners LLP

Benefiting from 'an in-depth knowledge of the Croatian insolvency code and corporate law', Ostermann & Partners LLP provides 'a responsive and solution-oriented service' to clients on restructuring, M&A and ongoing corporate and commercial matters. Led by the 'very knowledgeable' Mojmir Ostermann, the firm handles a significant amount of buy-side NPL-related M&A for various funds, including APS Holding. Other highlights include advising Agrokor on the management and oversight of shareholders' meetings of listed Agrokor subsidiaries. Mila Selak is also recommended.

Leading individuals

Mojmir Ostermann - Ostermann & Partners LLP

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Dispute resolution
Dispute resolution - ranked: tier 2

Ostermann & Partners LLP

Led by¬†Mojmir Ostermann, the 'proactive and solution-oriented¬†' team at¬†Ostermann & Partners LLP¬†regularly handles litigation within the telecoms and construction industries in particular. Ostermann is defending¬†fixed-network carrier Metronet against litigation brought by Deutsche Telekom seeking ‚ā¨20m in damages and compensation pertaining to the electronic communication infrastructure. Ostermann and¬†Vjekoslav Ivanńćińᬆare also representing Heta Asset Resolution in claims brought against numerous commercial debtors.

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Employment
Employment - ranked: tier 3

Ostermann & Partners LLP

The 'young and very well-educated team' at Ostermann & Partners LLP has 'comprehensive knowledge of the local legal systems and best practices', and is therefore well placed to advise corporates and executives on contentious and non-contentious matters. Team head Mila Selak excels at defending corporates against cases brought by former employees, and is representing construction company, Osijek-Koteks, against claims, inter alia, relating to alleged unlawful redundancy lay-offs.

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Privatisation, projects and energy
Privatisation, projects and energy - ranked: tier 2

Ostermann & Partners LLP

The 'knowledgeable, accessible and experienced' team at¬†Ostermann & Partners LLP¬†provides 'solution-oriented advice' to a wide array of stakeholders, including lenders, sponsors and contractors, engaged in energy and infrastructure projects. On the privatisation front,¬†Mojmir Ostermann¬†and¬†Vjekoslav Ivanńćińᬆrecently advised Meteor Group on its debt for equity investment in majority state-owned beverages producer, Badel 1862, following its pre-bankruptcy.

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Further information on Ostermann & Partners LLP

Please choose from this list to view details of what we say about Ostermann & Partners LLP in other jurisdictions.

Croatia

Offices in Zagreb

Legal Developments in Croatia

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Implementing Regulations on Public Procurement

    On 1 January 2008 the new Public Procurement Act came into force. However, following the coming into force of the new Act the Public Procurement Office, a regulatory body authorized to develop and coordinate the public procurement system in Croatia reported that in the practice the new Act is actually suspended until the regulations necessary for its implementation are adopted.
  • Amendments to the Personal Data Protection Act

    On 28 March 2008 Croatian Parliament enacted Amendments to the Personal Data Protection Act ("Amendments").
  • Amendments to Civil Obligations Act

    The currently applicable Croatian Civil Obligations Act was enacted in 2005 ("2005 Act") with a goal of harmonizing Croatian legislation with a number of EU Directives relating to combat against late payment in commercial transactions, self-employed commercial agents, sale of consumer goods and associated guarantees, liability for defective products, as well as package travel.
  • Amendments to Electronic Commerce Act

    On 17 June 2008 the Amendments to Electronic Commerce Act ("Amendments") came into force. These amendments are aimed at fully harmonizing Croatian electronic commerce regulations with the relevant EU laws.
  • One-Tier Corporate Governance System Introduced in Croatian Legal System

    On 3 October 2007 Croatian Parliament enacted the Amendments to the Companies Act which should enter into force on 1 April 2008 ("Amendments", "Act"). These Amendments represent the first substantial change to the Act since 2003.
  • New Takeover Act Enacted

    Background
  • New Public Procurement Act

    On 1 January 2008 the new Public Procurement Act came into force. The Act was modeled on a number of EU regulations concerning public procurement, most notably directive on coordination of procedures for award of public works, public supply and public service contracts, directive on procurement procedures of entities operating in the water, energy, transport and telecommunications sectors, as well as directive on review procedures to the award of public supply and public works contracts.
  • Resignation of a Member of the Management Board

    In a recently published decision, the Croatian High Commercial Court held that in corporations having two-tier corporate structure, the Supervisory board (as a body resolving on appointment and revocation of members of the Management Board) is not authorised or required to resolve on resignation of the Management Board's member. The court was on the standpoint that the resignation has legal effects as of the moment of its delivery to the Supervisory board. As a result, once the Supervisory board receives a resignation of a member of Management Board, it is not to discuss such resignation, but only undertake necessary steps to appoint new member of the Management Board and register the changes with the competent registry court.
  • Constitutional Court Rules on Squeeze Out

    According to recent press release, in February 2007 the Croatian Constitutional Court overruled the claim filed by minority shareholders of Siemens affiliate in Croatia. The minority shareholders requested the Constitutional Court to declare that rules on squeeze-out introduced into Croatian legal system under the 2003 Amendments to Companies Act are in violation of the Croatian Constitution. Under the disputed rules, shareholders' meeting may, at the request of the majority shareholder holding at least 95% of the shares, decide to transfer to such majority shareholder the shares held by minority shareholders, provided that the squeezed-out shareholders are paid appropriate compensation.
  • Regulation on Investment Fund Mergers

    Based on the authority granted under the 2005 Investment Funds Act, on 14 December 2006, the Croatian Agency for Supervision of Financial Services ("Agency") adopted the Regulation on Open Investment Fund Merger. The Regulation sets out a number of rules related to procedure, conditions and methods for merger of open investment funds in Croatia. The Regulation will come into effect on 30 December 2006.